Hi Again Friends!
I recently had a conversation with a young lady who
shared with me that she had made the move to Salem from Portland.
One of the primary reasons she shared was the ever climbing cost to rent
in the Portland Metro area.
It might be hard to believe - but rents, even here in
Salem, are seeing increases pretty much across the board. And more often
than not folks, like my earlier conversation, believe that
renting is more affordable than purchasing. Or that they can't make
ownership work within their monthly budget.
Here's a quick graphic that might help dispel that worry.
Of course, you always want to run your household's
income/expenses to verify these percentages - but at the very least this might
be a catalyst to have a more in depth conversation with a mortgage professional
to see what you really can afford!
As always, please let me know if you have any questions or if I
can be of any help.
~Amy
Source: KCMBlog.com
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